Halifax only want latest payslip

suzanasmith

Hi there
I have submitted an application yesterday via broker to Halifax. They only wanted latest payslip and no bank statements. I have been really careful last 4 months about my spendings, paid off all credit cards apart from one loan. 

The only thing is that this is my first job after maternity and only have two months wages worth+ statements to prove the evidence of my income. My broker chose a lender that doesn’t ask many question ( suits me). Do people have experience getting mortgages with just latest pay slip and no bank statements? And more importantly not 3 payslip? I have excellent score at all three credit agencies and regularly check it.

Thank you

NewShadow

I believe what they ask for will vary depending on how much you're borrowing/compared to income and what their initial scoring indicates as to risk - don't forget that they also check reference agencies and get a lot of info from the actual application; plus they might yet ask for more documents if needed. 

If your broker is half decent then they won't have submitted your application unless they were confident you met the criteria for the product and had the required documentation  

LRmortgage

A number of lenders only ask for 1 payslip these days. 

Remember they have many internal systems that access data such as links with HMRC directly and several credit / fraud databases. 

suzanasmith

LRmortgage said:

A number of lenders only ask for 1 payslip these days. 

Remember they have many internal systems that access data such as links with HMRC directly and several credit / fraud databases. 

Yes I am aware they have their own systems. My brother was referred to Mortgage Verification scheme (they did tell him they are doing it)because payslip info didn’t match or something. But I think that’s in cases they suspect fraud or something, when they want yo check with HRMC. 

I have given all the info re my starting date to MB, so they should have the same info. I mean they can check my income for the past year with HMRC but not much there

amnblog

The Lender will notice that the income year to date on the payslip does not fit and will query why.
Provided your Broker is smart enough to manage this when they call the Lender, the case will be approved without delay.

Your recent post suggests your Broker isn't smart. It is fairly obvious why the payslip does not 'match'.

suzanasmith

amnblog said:

The Lender will notice that the income year to date on the payslip does not fit and will query why.
Provided your Broker is smart enough to manage this when they call the Lender, the case will be approved without delay.

Your recent post suggests your Broker isn't smart. It is fairly obvious why the payslip does not 'match'.

Eh? Payslips match. I never said payslip do not match. I said I only have two month worth of payslips as I am coming from maternity leave and asking what exactly does Halifax require. They only asked to submit latest payslip. Some lenders ask for P60 etc. my MB reassured me ad long as it is permanent position, which can be confirmed by HR,there are no problems. I can wait till I work 3 months but do not want to lose on the house.  

fewcloudy

suzanasmith said:

Hi there
I have submitted an application yesterday via broker to Halifax. They only wanted latest payslip and no bank statements. I have been really careful last 4 months about my spendings, paid off all credit cards apart from one loan. 

The only thing is that this is my first job after maternity and only have two months wages worth+ statements to prove the evidence of my income. My broker chose a lender that doesn’t ask many question ( suits me). Do people have experience getting mortgages with just latest pay slip and no bank statements? And more importantly not 3 payslip? I have excellent score at all three credit agencies and regularly check it.

Thank you

Sorry I'm a bit confused.
Your first paragraph says you have been asked for your latest payslip. Which you have.
All of your second paragraph seems irrelevant.
Why are you worrying about other payslips you may or may not have, and your employment history/details, irrelevant credit scores etc. when you have provided what is required?

suzanasmith

fewcloudy said:

suzanasmith said:

Hi there
I have submitted an application yesterday via broker to Halifax. They only wanted latest payslip and no bank statements. I have been really careful last 4 months about my spendings, paid off all credit cards apart from one loan. 

The only thing is that this is my first job after maternity and only have two months wages worth+ statements to prove the evidence of my income. My broker chose a lender that doesn’t ask many question ( suits me). Do people have experience getting mortgages with just latest pay slip and no bank statements? And more importantly not 3 payslip? I have excellent score at all three credit agencies and regularly check it.

Thank you

Sorry I'm a bit confused.
Your first paragraph says you have been asked for your latest payslip. Which you have.
All of your second paragraph seems irrelevant.
Why are you worrying about other payslips you may or may not have, and your employment history/details, irrelevant credit scores etc. when you have provided what is required?

Haha good question. I guess I was just looking for a reassurance. And my nature is I always expect the worst.🙈 I guess I am expecting them to turn me down based on the length of employment or something. Possibly over analyzing the whole things. 😊

[Deleted User]

suzanasmith said:

Eh? Payslips match. I never said payslip do not match. I said I only have two month worth of payslips as I am coming from maternity leave and asking what exactly does Halifax require. They only asked to submit latest payslip. Some lenders ask for P60 etc. my MB reassured me ad long as it is permanent position, which can be confirmed by HR,there are no problems. I can wait till I work 3 months but do not want to lose on the house.  

Amnblog has assumed you are returning to work after maternity leave and the year to date pay on the payslips wouldnt match based on the basic pay being declared.  This is what he/she was referring to with payslips not matching.  

If it is a brand new job rather than a return to work then it will be fine and no further questions are likely to be raised. 

suzanasmith

Deleted_User said:

suzanasmith said:

Eh? Payslips match. I never said payslip do not match. I said I only have two month worth of payslips as I am coming from maternity leave and asking what exactly does Halifax require. They only asked to submit latest payslip. Some lenders ask for P60 etc. my MB reassured me ad long as it is permanent position, which can be confirmed by HR,there are no problems. I can wait till I work 3 months but do not want to lose on the house.  

Amnblog has assumed you are returning to work after maternity leave and the year to date pay on the payslips wouldnt match based on the basic pay being declared.  This is what he/she was referring to with payslips not matching.  

If it is a brand new job rather than a return to work then it will be fine and no further questions are likely to be raised. 

Oh I see. Yes that makes a sense now. I had an extended maternity due to having a special needs child, so had to search for a new job in the end as couldn’t return to an old one. 

Sncjw

My bank only asked for one of my payslips despite applying jointly/ they didn’t require bank statements because they said they can acsess banks and see spending anyways